Stablecoin exchange protocol Curve announced today that its lending contract has been officially deployed, allowing users to start borrowing and lending operations even though the front-end interface has not been launched yet. Curve founder Michael Egorov has created his own lending position and provocatively responded, “Want to liquidate me? Bring it on!”
Background:
Curve founder mortgages CRV again with the help of a whale, paying off a £70 million debt to Aave.
Curve, a decentralized exchange with the deepest liquidity in stablecoin swaps, has greatly empowered its governance token CRV, resulting in high participation in its governance proposals.
Curve has deployed its lending contract.
Earlier this morning, Curve tweeted that its lending contract has been deployed, and although the front-end has not been officially launched, borrowing and lending can already commence. It also called out arbitrageurs.
According to sources, the contract deployed by Curve is for one-way lending markets, commonly known as “Llama Lend” markets. Currently, three lending markets are open, allowing for borrowing of crvUSD, crvUSD, and CRV with wstETH, CRV, and crvUSD collateral, respectively.
Founder: “Want to liquidate me? Bring it on!”
Regarding Curve’s latest lending service, Curve founder Michael Egorov has created his own lending position and responded provocatively:
Previously, Michael Egorov frequently faced the risk of liquidation due to conducting large-scale lending operations using his own CRV tokens, which often led to strong criticism from the community and even targeted attacks on the CRV token price.
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